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CDSL Diversified 24 Jan 2024

Central Depository Services (India) Limited — Q3 FY24

CDSL reported a strong Q3 FY24 with consolidated total income up 47% YoY to INR 236 crore and net profit up 44% YoY to INR 107 crore, driven by robust growth in demat accounts a...

bullish high
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Revenue ₹236 Cr +47%
EBITDA
PAT ₹107 Cr +44%
EBITDA Margin
Duration
Read Time 1 min read

Financial stats pending filing verification

Risk Intelligence

Material risks this quarter

Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.

Risks

R

Stagnant insurance repository business

Number of policies under CDSL Insurance Repository has remained flat at ~13-15 lakh, indicating lack of traction despite voluntary adoption.

medium · analyst_question
R

Cost pressures from technology and people investments

Management emphasized continued investment in technology and people, which could keep expense growth elevated relative to revenue.

medium · management_commentary
R

Uncertain revenue impact from private company demat mandate

Revenue from compulsory demat of private companies is contingent on corporate actions; management declined to estimate opportunity size.

low · data_observation